GE signs contracts for gas and wind power contracts in Vietnam

• 7 years ago (2017-06-01)
• David Flin

Asia 892 Gas 394 Wind 257

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GE has announced that it has signed agreements valued at over $2 billion to support the development of Vietnam’s energy sector. The energy agreements include an MoU to co-develop 1500 MW of new gas-fired power plants, and a Joint Development Agreement (JDA) on the 800 MW Phu Cuong Wind Farm in Soc Trang. GE has been active in Vietnam for 24 years, and provides over 30 per cent of the country’s installed base power generation.

GE and Vietnam Oil & Gas Group (Petrovietnam) signed an MoU to cooperate on the development of two 750 MW combined cycle gas turbine power plants – Mien Trung I and II – using the Blue Whale Gas Field. Mien Trung I is scheduled to start operations in 2023, and Mien Trung II in 2024.

GE, together with its development partners International Mainstream Renewable Power and Phu Cuong Group, signed a JDA on developing the 800 MW Phu Cuong wind farm in Soc Trang province. The deal follows a 1 GW initiative signed with the Ministry of Industry and Trade last year, and is an important step in helping Vietnam to develop its significant wind power potential.